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Indonesia: 2015 interest rate cut on SME loans

Description

On 26 June 2015, the Indonesian Ministry of Finance announced it would cut loan rates on micro loans for small and medium-sized businesses ("People's Business Credit") nearly by half from 22 to 12%....

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Intervention Details

Intervention Type

Interest payment subsidy

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

26 Oct 2015

Revocation date

31 Dec 2015

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

SMEs

Affected Trading Partners

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